Lebanon in dire need
Business Daily
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The Fuel Crisis in Lebanon
For several decades, lebanon's banking system was very attractive from people from across the region. For lebonese expertsd the banking system back home offered them better returns on their deposits. And that inflated also the bank's profits over the years. But that was based on using depositors money to pay high interests to other depositors. So some people have called it like a national ponsey scheme. That is indeed what many lebonese economists believe. Some people have warned for a long time that this could happen. The government cannot provide 24 hour electricity, so most households and factories and shops and restaurants are subscribed to generator schemes that run on desel as well. Now,
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